The Indian Institute of Management Mumbai (IIM Mumbai) has proposed the setting up of a new satellite campus in or around Mumbai. The proposal, submitted to the Maharashtra Government, aligns with the state’s visionary “Viksit Maharashtra 2047” roadmap and is set to propel Mumbai as a global nerve centre for finance, policy, technology, and academic excellence, an IIM Mumbai statement said.
The proposed satellite campus seeks to offer a suite of undergraduate, postgraduate, and doctoral programmes with a sharp focus on disciplines such as economics, accounting and finance, technology and data science, and law and regulation. This strategic initiative is aimed at integrating interdisciplinary research with future-ready pedagogy, in line with the goals of the National Education Policy (NEP) 2020, which champions flexibility, innovation, and holistic development in higher education.
The proposed campus will be situated near India’s financial regulatory ecosystem — home to RBI, SEBI, BSE, and NSE, also serving as the headquarters of major public and private sector banks, and mutual funds, and insurance companies.
It will attract scholars, policymakers, investors, and industry leaders, creating a collaborative knowledge ecosystem that merges classroom learning with real-world impact, the Institute statement said adding that the proposed campus would serve as a training ground for talent equipped to navigate the complexities of digital finance, regulation, and emerging technology, while fostering intellectual capital to support India’s evolving economic landscape.
Prof Manoj K Tiwari, director of IIM Mumbai, remarked that the proposal represents a rare opportunity to institutionalize excellence in management education with a core emphasis on finance and technology. He added that the proximity to regulators and key institutions will provide students with unmatched exposure and engagement with live policy, innovation, and industry frameworks—essential for shaping leadership for the future.
The proposal includes a detailed financial and infrastructure plan, and has been received with keen interest by the Department of Higher and Technical Education of Maharashtra. Shailendra Deolankar, Director of Higher Education, confirmed that the initiative will be evaluated within the broader consultations currently underway for the state’s educational transformation under the Viksit Maharashtra 2047 initiative. These consultations involve academicians, industry experts, and public stakeholders, ensuring that the policy framework remains inclusive, future-proof, and globally benchmarked.
“As India accelerates towards becoming a knowledge-driven economy, IIM Mumbai’s proposed satellite campus marks a significant inflection point—one that combines institutional vision, academic rigour, and regional growth. It stands poised to make Mumbai not just the financial capital of India, but also a premier destination for transformative, world-class education,” IIM Mumbai said.
